Illustration 19276996 / Dirk Erck / Dreamstime
Iillustration 19276996 / Dirk Erck / Dreamstime
Illustration 60886103 / Kheng Ho To /Dreamstime

Berk-Tek on the block?

Sept. 28, 2012
A press release on the website of global wire and cable giant Nexans says it’s considering offers for its Berk-Tek business unit, which focuses on low-voltage cable for U.S. local area network applications and generates annual sales of approximately ...

A press release on the website of global wire and cable giant Nexans says it’s considering offers for its Berk-Tek business unit, which focuses on low-voltage cable for U.S. local area network applications and generates annual sales of approximately $200 million. The release said, “Following receipt of expressions of interest, Nexans is exploring the possibility of the sale of its Berk-Tek copper and fiber cable activity in the US.”

With a presence in 40 countries and commercial activities worldwide, Nexans, Paris, employs 25,000 people and had sales in 2011 of 7 billion euros (approximately US $9 billion). Details